Why is Rish.Digh.Steel falling/rising?

As of 25-Sep, Rishabh Digha Steel & Allied Products Ltd is experiencing a price increase, currently at Rs 38.00, reflecting a rise of 2.12 (5.91%). The stock has shown a positive trend today, gaining after two consecutive days of decline, and opened with a significant gain of 5.91%. It outperformed its sector by 6.33% today and reached an intraday high of Rs 38.63, indicating strong short-term momentum. However, the stock's delivery volume has decreased by 20.11% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has gained 2.73%, while it has increased by 4.97% over the past month, contrasting with the Sensex, which has declined by 2.23% and 0.58% respectively during the same periods.
In the broader market context, Rishabh Digha Steel's recent performance stands out positively against the benchmark, as it has outperformed the Sensex in the short term. Despite a year-to-date decline of 0.60% compared to the Sensex's gain of 3.87%, the stock has shown resilience over the last three years with a return of 46.72%, surpassing the Sensex's 39.69%. However, the stock's longer-term performance over one year shows a decline of 7.32%, which is worse than the Sensex's decline of 4.71%. This mixed performance highlights the stock's volatility and the impact of broader market conditions on its price movements.